Ishares Climate Conscious Etf Market Value
| USCL Etf | 72.73 0.07 0.1% |
| Symbol | IShares |
The market value of iShares Climate Conscious is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Climate's value that differs from its market value or its book value, called intrinsic value, which is IShares Climate's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IShares Climate's market value can be influenced by many factors that don't directly affect IShares Climate's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IShares Climate's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Climate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Climate's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
IShares Climate 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to IShares Climate's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of IShares Climate.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in IShares Climate on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Climate Conscious or generate 0.0% return on investment in IShares Climate over 30 days. IShares Climate is related to or competes with IShares Dividend, Martin Currie, VictoryShares THB, Mast Global, AdvisorShares Gerber, Amplify ETF, and Tidal ETF. More
IShares Climate Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure IShares Climate's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess iShares Climate Conscious upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8431 | |||
| Information Ratio | 0.039 | |||
| Maximum Drawdown | 4.11 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.13 |
IShares Climate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Climate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Climate's standard deviation. In reality, there are many statistical measures that can use IShares Climate historical prices to predict the future IShares Climate's volatility.| Risk Adjusted Performance | 0.1428 | |||
| Jensen Alpha | 0.1345 | |||
| Total Risk Alpha | 0.0296 | |||
| Sortino Ratio | 0.0353 | |||
| Treynor Ratio | (10.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Climate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
iShares Climate Conscious Backtested Returns
As of now, IShares Etf is very steady. iShares Climate Conscious holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Climate Conscious, which you can use to evaluate the volatility of the entity. Please check out IShares Climate's Downside Deviation of 0.8431, market risk adjusted performance of (10.39), and Risk Adjusted Performance of 0.1428 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The etf retains a Market Volatility (i.e., Beta) of -0.0128, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares Climate are expected to decrease at a much lower rate. During the bear market, IShares Climate is likely to outperform the market.
Auto-correlation | 0.64 |
Good predictability
iShares Climate Conscious has good predictability. Overlapping area represents the amount of predictability between IShares Climate time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of iShares Climate Conscious price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current IShares Climate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
iShares Climate Conscious lagged returns against current returns
Autocorrelation, which is IShares Climate etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting IShares Climate's etf expected returns. We can calculate the autocorrelation of IShares Climate returns to help us make a trade decision. For example, suppose you find that IShares Climate has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
IShares Climate regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If IShares Climate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Climate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Climate etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Climate Lagged Returns
When evaluating IShares Climate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Climate etf have on its future price. IShares Climate autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, IShares Climate autocorrelation shows the relationship between IShares Climate etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Climate Conscious.
Regressed Prices |
| Timeline |
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IShares Climate technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.